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    T1 Lam 2024-25

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    Prajyot Mashale

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    T1 Lam 2024-25

    Uploaded by

    Prajyot Mashale
    22 views4 pages

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    T1 LAM 2024-25

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    22 views4 pages

    T1 Lam 2024-25

    Uploaded by

    Prajyot Mashale

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Post-Graduate Programme in Management

    Course Number: LM01101

    NAME OF THE COURSE: LEGAL ASPECTS IN MANAGEMENT


    Term-1, 2024-25
    Credit: 0.5

    INSTRUCTOR AND CONTACT INFORMATION

    Faculty Dr Vijay P Singh


    Number of sections 9
    Room No 223
    Telephone 6626
    Mail ID [email protected]

    COURSE DESCRIPTION

    Law and business go hand in hand. It is difficult to take any activity in business which does not
    have a legal consequence. In fact, every business activity to be successful must have the backing
    and sanction of law. With increasing globalization and governmental regulation for all business
    activities, the survival and growth of the organizations depend to a large extent on their compliance of
    existing regulations individually, as well as their ability to influence public policies in the area of their
    concern collectively. The scope of legal studies in business is indeed vast. However, the course is
    designed to provide a broad understanding of legal issues impacting upon business and the legal
    processes involved in the incorporation and management of an organization. Besides the legal
    aspects of contract management, the course will focus on important legal issues in management
    especially in today’s knowledge economy and the internet era. One cannot be an effective business
    manager without understanding continually increasing number of legal constraints within which the
    decision making process operates.

    COURSE OBJECTIVES

    The course has been designed to:


    1. Explain the role of law in business management;
    2. Elucidate business-legal relationships with a particular focus on regulation of business;
    3. Impart knowledge about legal issues in contract management; corporate management,
    environment management and intellectual property management.
    4. Explain legal processes involved in the company incorporation and its management;
    5. Examine the role and responsibilities of company administration and management
    6. Analyze through various cases about the judicial approaches towards business regulations,
    management and practices
    7. Apprise with the current legal and regulatory issues in national and international business through
    case studies and assignments;
    8. Develop an interest and curiosity for understanding role of law in management and inculcate
    amongst students a sense of responsibility to comply with laws and duty to return to society and
    environment.

    COURSE LEARNING OUTCOMES

    By the end of the course the student should be able to:


    1) Understand and appreciate role of law in management;
    2) Learn to distinguish legal issues and legal risks of business;
    3) Analyze legal issues in business in a clearer, concise and informed manner;
    4) Understand relevant provisions of contract law, company law, IPR and Environmental law etc;
    5) Learn to identify legal risks in contract formulation and its management and skills to avoid
    them;
    6) Learn legal limits in company incorporation and its management;
    7) Learn the roles, responsibilities and liabilities as business managers/officers
    8) Understand contemporary legal issues in national and international business including IPR and
    corporate environmental responsibility;
    9) Develop a sense of responsibility towards society while seizing opportunities for competitive
    advantage and profit maximization.

    ALIGNMENT OF PROGRAM OBJECTIVES & COURSE LEARNING OUTCOMES

    Programme Objectives Course Learning (CL)


    outcomes
    1 To develop an understanding of the key functions of businesses
    CL 1- problem, case
    study
    2 To develop critical and analytical skills that equip students to excel
    in complex, uncertain and dynamic business environments CL 2,3,4 -problem,
    case study
    3 To enable application of business knowledge in a global context CL 8- problem,
    assignments
    4 To acquire skills and capabilities for generating sustainable CL 5,6,7- problem, case
    competitive advantage in organizations study

    5 To equip students with skills and ethics that promote organizational CL 9- problem, case
    well-being and ideal corporate citizenship study

    6 To lay the foundation of an entrepreneurial mind-set and continued Presentations/ Case


    learning for future ready leaders discussion
    REQUIRED COURSE MATERIALS/READINGS/TEXTBOOKS:

    TEXTBOOKS

    1. Akhileswar Pathak, Legal Aspects of Business, Latest Edition, Tata McGraw-Hill Co., New
    Delhi (LAB) ( E-book is also available)
    2. Dr. Avtar Singh, An Introduction to Company Law, Latest Edition, Eastern Book Company,
    Lucknow (ICL) ( E-book is also available)

    Relevant Cases may also be provided during the classroom sessions.

    REFERENCE BOOK (S)

     Constance E. Bagley, Managers and the Legal Environment: Strategies for 21st Century
    (Latest Edition)

    In order to update knowledge about the recent legal and regulatory developments as well as to
    understand the emerging trend in the area of legal environment for national and international
    business, students are advised to consult the recent publications including latest issues of national
    and international legal journals, magazines and business newspapers.

    EVALUATION

     Exams: There will be Only End Term Examination and cover whole course
     Group Project Report: Each student will be part of a group consisting of 5-6 students to
    complete Group project work. More details of group projects/Report will be provided during
    the class.
     Class participation: Students are responsible to ensure their presence in class. Be
    prepared to answer certain questions that had been emphasized in prior classes or from
    reading assignments. Your class presence, performance and participation etc. will be used to
    determine your class participation mark.

    GRADING SCHEME

    60
    End Term Exam
    40
    Quizzes/ Assignments / Group Project/
    Participation
    100
    Total

    ACADEMIC DISHONESTY: Academic dishonesty or misconduct is cheating that relates to an


    academic activity. It is violation of trust between the institute and its stakeholders. Plagiarism,
    fabrication, deception, cheating and sabotage are examples of unacceptable academic content.
    Please consult the programme manual for the section on academic dishonesty.
    COURSE SCHEDULE

    Session Topics Covered Readings Cases

    1 An Introduction to Legal Chapter 1 Problems & Case


    Aspects in Management (LAB) Study will be given in
    the class.
    2-3 Introduction to Contract Chapter Problems & Case
    Management & Law: Principles, 2,3,4,5,7 Study will be given in
    Essentials of Contract selected pages the class.
    Formation its Management ; (LAB)
    Case study: Time is Essence of
    a Contract
    4 Execution / Assignment of Chapter 8, 9 Problems & Case
    Contract, Breach of Contract (LAB) Study will be given in
    and Remedies the class.
    5 Company as Dominant Form of Chapter 1 (ICL)
    Business Organization: Problems & Case
    Corporate Personality & Lifting Study will be given in
    of Corporate Veil the class.
    6 Formation of Company: Chapter 1 Problems & Case
    Memorandum and Articles of (ICL) Study will be given in
    Association; Doctrine of the class.
    Constructive Notice and Indoor
    Management
    7 Prospectus of Company : Chapter 2 (ICL) Problems & Case
    Liability for Misrepresentation in Study will be given in
    Prospectus the class.

    8 Management of a Company : Chapter 4 (ICL) Problems & Case


    Duties and Liabilities of Study will be given in
    Directors the class.

    9 Intellectual Property Law and Materials may Problems & Case


    Management be provided in Study will be given in
    classroom the class.

    10 Intellectual Property Law & Materials may Problems & Case


    Management be provided in Study will be given in
    classroom the class.

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